Data from China triggered little market reaction, although the readings were better than expected. Equity futures are declining at the beginning of the European session
Jeffrey Lacker is speaking today at 5:00 pm BST. Topic of the speech is not strictly about monetary policy but some Q&A session may occur.
The RBA is releasing minutes during the next upcoming Asian session at 1:30 am BST. Markets do not expect much change in the discussion.
European stocks started with an upbeat tone as better data from China (here) provided some support for the bulls. However, it is worth noticing that the markets rebounded last week on speculations that further stimulus in China is needed. Today’s data may have an impact on such speculations and may push them back. If so, a potential downturn is likely.
At the beginning of session:
SP500 fut.: +0,12%